BTC

$94933.588

0.53%

ETH

$3394.485

1.19%

XRP

$2.191

0.85%

BNB

$728.933

5.05%

News

Open Campus Delays Token Unlocks By 3 Months In Response To Market Conditions

July 4, 2023 - Around 2 mins mins to read

Key Points:

  • Open Campus, the Web3 education protocol, has delayed the unlocking of upcoming tokens, OpEx, early contributors, liquidity, and ecosystems by 3 months. This decision is in response to market conditions and aims to ensure stability and align with the changing landscape.
  • The firm has introduced Open Campus DAO, allowing EDU token holders to participate in the protocol’s governance through the proposal process, enabling them to contribute to the future direction of the platform.
Open Campus has announced to delay unlocking OpEx, early contributor, liquidity, and ecosystem tokens for three months.
Open Campus Delays Token Unlocks By 3 Months In Response To Market Conditions

In a recent announcement, Open Campus, the Web3 education protocol, has decided to postpone the unlocking of upcoming tokens in OpEx, early contributors, liquidity, and ecosystems by 3 months. This strategic move comes in response to macro fluctuations and current market conditions, ensuring stability and aligning with the evolving landscape. The updated redemption schedule will be reflected through a redeployment of the smart contract.

The platform has implemented a comprehensive token distribution model, where team tokens have a validity period of 24 months and a vesting period of 36 months, totaling 5 years. The movement of all tokens can be transparently tracked on the blockchain, providing accountability and security.

Open Campus Delays Token Unlocks By 3 Months In Response To Market Conditions

In other news, Open Campus recently introduced Open Campus DAO, enabling EDU token holders to actively participate in the governance of the protocol. Through the proposal process, EDU token holders have the opportunity to shape the future direction of Open Campus, contributing to its growth and development as a decentralized autonomous organization.

This strategic decision highlights its commitment to adapt and navigate the ever-changing market dynamics. By postponing token unlocks, the protocol aims to mitigate potential risks and ensure a more controlled and sustainable token distribution process. Open Campus continues to foster an inclusive and transparent ecosystem, empowering EDU token holders to actively participate in shaping the future of Web3 education.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Chubbi

Coincu News